State capacity has become one of the most discussed concepts in development economics
and political economy. In this survey we argue that the study of economic history provides …

This chapter reviews the recent debate about the role of social capital in economics. We
argue that all the difficulties this concept has encountered in economics are due to a vague …

During the late eighteenth century, innovations in Europe triggered the Industrial Revolution
and the sustained economic progress that spread across the globe. While much has been …

The presence of a westward‐moving frontier of settlement shaped early US history. In 1893,
the historian Frederick Jackson Turner famously argued that the American frontier fostered …

Abstract For 40 years, the Tuskegee Study of Untreated Syphilis in the Negro Male passively
monitored hundreds of adult black men with syphilis despite the availability of effective …

This paper examines the impact of social trust on stock price crash risk. Social trust
measures the level of mutual trust among the members of a society. Using a large sample of …

A growing body of empirical work measuring different types of cultural traits has shown that
culture matters for a variety of economic outcomes. This paper focuses on one specific …

Ninety-two percent of the 1348 North American executives we survey believe that improving
corporate culture would increase firm value. A striking 84% believe their company needs to …

This study examines how the historical state conditions long‐run development, using
Vietnam as a laboratory. Northern Vietnam (Dai Viet) was ruled by a strong, centralized state …

Does the historical macroeconomic environment affect preferences for redistribution? We
find that individuals who experienced a recession when young believe that success in life …